Fastenal Company
- Open
- 44.95
- Day high
- 45.03
- Day low
- 44.06
- Prev close
- 44.76
- Volume
- 906K
- Mkt cap
- $50.9B
- P/E (TTM)
- 37.6
- EPS (TTM)
- $1.18
- P/B
- 12.5
- P/S
- 5.8
- Yield
- 2.08%
- Per share
- $0.92
Fastenal Company (FAST) is a Industrials company listed on NASDAQ. The stock is down 3% over the past year.
Fastenal Company (FAST) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FAST earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 14, 2026 | $0.33 | $0.33 | +0.4% | $2.4B | +2.1% |
| Apr 13, 2026 | $0.30 | $0.30 | +0.4% | $2.2B | +0.2% |
| Jan 20, 2026 | $0.26 | $0.26 | +0.3% | $2.0B | -0.5% |
| Oct 13, 2025 | $0.30 | $0.29 | -2.4% | $2.1B | +0.1% |
| Jul 14, 2025 | $0.28 | $0.29 | +2.7% | $2.1B | +0.3% |
| Apr 11, 2025 | $0.26 | $0.26 | +0.0% | $2.0B | +0.4% |
| Jan 17, 2025 | $0.48 | $0.23 | -52.1% | $1.8B | -1.0% |
| Oct 11, 2024 | $0.51 | $0.26 | -49.3% | $1.9B | +0.4% |
| Jul 12, 2024 | $0.51 | $0.25 | -50.9% | $1.9B | +0.1% |
| Apr 11, 2024 | $0.53 | $0.26 | -50.9% | $1.9B | -1.0% |
| Jan 18, 2024 | $0.22 | $0.23 | +4.5% | $1.8B | +0.4% |
| Oct 12, 2023 | $0.25 | $0.26 | +4.0% | $1.8B | +5.2% |
FAST insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 27, 2026 | Ancius Michael Jdirector | Option | 1,000 | $44.90 |
| Mar 6, 2026 | Wisecup Reyne Kdirector | Option | 36,920 | $13.00 |
| Mar 6, 2026 | Wisecup Reyne Kdirector | Sell | 36,920 | $47.34 |
| Feb 10, 2026 | Miller Charles S.officer: Senior EVP-Sales | Buy | 20 | $81.45 |
| Jan 27, 2026 | SATTERLEE SCOTTdirector | Sell | 15,964 | $44.19 |
| Jan 27, 2026 | Miller Charles S.officer: Senior EVP-Sales | Buy | 20 | $39.15 |
| Jan 27, 2026 | SATTERLEE SCOTTdirector | Option | 15,964 | $19.00 |
| Jan 6, 2026 | FLORNESS DANIEL Ldirector, officer: CEO | Grant | 83,365 | $41.00 |
| Jan 6, 2026 | Watts Jeffery Michaelofficer: President and Chief Sales Off. | Grant | 60,975 | $41.00 |
| Jan 6, 2026 | Soderberg John Lewisofficer: Senior EVP-IT | Grant | 24,390 | $41.00 |
| Jan 6, 2026 | SATTERLEE SCOTTdirector | Grant | 17,605 | $41.00 |
| Jan 6, 2026 | Miller Charles S.officer: Senior EVP-Sales | Grant | 35,670 | $41.00 |
| Jan 6, 2026 | Broersma Anthony Paulofficer: EVP-Operations | Grant | 17,560 | $41.00 |
| Jan 6, 2026 | Jansen James Cofficer: EVP-Manufacturing | Grant | 17,560 | $41.00 |
| Jan 6, 2026 | Heise Rita J.director | Grant | 23,474 | $41.00 |
Source: FAST SEC Form 4 filings, latest Apr 27, 2026. For informational purposes only — not investment advice.
See the full FAST insider & 13F page →Fastenal Company company profile
Overview
Fastenal Company (NASDAQ:FAST) is a leading industrial distributor founded in 1967 and headquartered in Winona, Minnesota. The company went public in 1987 and has grown from a small fastener retailer to one of North America's largest distributors of industrial and construction supplies. Today, Fastenal operates through a network of over 3,200 in-market locations and 15 distribution centers, serving customers across manufacturing, construction, and maintenance sectors in the United States, Canada, Mexico, and internationally.
Business
Fastenal operates in the industrial distribution sector, serving as a wholesale distributor of industrial and construction supplies. The company's core business revolves around providing maintenance, repair, and operations (MRO) supplies to businesses that need these products to keep their operations running smoothly. The company's product portfolio is divided into several key categories. Fasteners represent the company's original and foundational product line, including threaded fasteners, bolts, nuts, screws, studs, and related washers used in manufacturing and construction projects. These products are essential components that hold together everything from machinery to buildings. Safety products have become increasingly important, encompassing personal protective equipment, safety supplies, and workplace safety solutions that help companies maintain safe working environments and comply with regulatory requirements. Beyond these core categories, Fastenal distributes a wide range of miscellaneous supplies and hardware including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, and rivets. The company serves multiple end markets, with manufacturing representing approximately 73% of sales, followed by non-residential construction and other industrial sectors. Fastenal has evolved from a traditional distributor to a technology-enabled supply chain solutions provider. The company's Fastenal Managed Inventory (FMI) program uses digital technology and on-site inventory management to help customers streamline their supply chains. Additionally, their Onsite program places Fastenal employees directly at customer facilities to manage inventory and procurement, creating deeper customer relationships and higher switching costs.
Revenue model
Fastenal generates revenue primarily through product sales, operating on a traditional wholesale distribution model where it purchases industrial supplies from manufacturers and sells them to end customers at a markup. The company's customers include original equipment manufacturers (OEMs), maintenance and repair operations, construction contractors, government entities, and various industrial companies across sectors like oil and gas, mining, agriculture, and transportation. The company's business model has evolved to include value-added services that command premium pricing. The Onsite program, where Fastenal places dedicated personnel at customer facilities, generates higher margins and creates recurring revenue streams. Similarly, the FMI technology platform, which uses digital devices to monitor and automatically replenish customer inventory, creates stickier customer relationships and more predictable revenue patterns. These technology-enabled services now touch approximately 44% of the company's revenue. Several factors influence Fastenal's profitability margins. Commodity price fluctuations affect both input costs and customer demand, particularly in the fastener segment where steel prices can significantly impact margins. Industrial production cycles directly correlate with demand, as evidenced by the company's performance during periods when the ISM Purchasing Managers Index falls below 50. Competition from other distributors and direct manufacturer sales can pressure pricing, especially in commodity products. However, the company's technology investments and service differentiation help maintain pricing power, while scale advantages in procurement and logistics support margin expansion. Mix shift toward higher-margin safety products and value-added services has been a positive margin driver, though this can be offset by weakness in higher-margin fastener products during industrial downturns.
Competitive moat
Fastenal's competitive moat is moderately strong, built primarily on switching costs, scale advantages, and network effects. The company's Onsite program creates significant switching costs for customers, as replacing an embedded Fastenal employee who manages procurement and inventory requires substantial effort and disruption. The FMI technology platform further strengthens this moat by integrating deeply into customer operations through automated inventory monitoring and replenishment systems. Scale advantages provide another layer of protection, as Fastenal's size enables better supplier negotiations, broader product availability, and more efficient logistics networks than smaller competitors. The company's extensive physical footprint of over 3,200 locations creates local market presence that's difficult for competitors to replicate quickly. However, the moat faces several challenges. The industrial distribution industry remains highly fragmented with numerous regional competitors who can compete effectively on price and service in local markets. Large customers increasingly prefer to consolidate suppliers, which can benefit Fastenal but also creates opportunities for other large distributors like Grainger or MSC Industrial Direct. Direct sales from manufacturers pose an ongoing threat, particularly for high-volume, commodity products where manufacturers can bypass distributors entirely. Digital disruption represents both an opportunity and a threat. While Fastenal has invested heavily in digital capabilities, e-commerce platforms and new entrants could potentially disintermediate traditional distributors. The company's success in growing its digital footprint to over 60% of sales demonstrates adaptation, but this remains an evolving competitive landscape where technological advantages can erode quickly.
Risks & safety
Fastenal demonstrates a strong margin of safety with conservative financial management and consistent cash generation, though valuation metrics suggest limited upside at current levels. • Financial Strength: Minimal solvency risk with debt representing only 13.4% of equity, current ratio of 4.3x, and strong free cash flow generation of $947 million annually • Cash Position: $256 million in cash and short-term investments, though relatively modest given the company's size • Valuation Metrics: Trading at 17.9x earnings and 12.3x EBITDA, suggesting fair to slightly expensive valuation for a mature industrial distributor • Profitability: Consistent profitability with 15.3% net margins and strong return on equity of 31.8% • Dividend Coverage: Well-covered dividend with plans to potentially reach $1 billion in annual payments, supported by strong cash flow generation • Operational Risks: Exposure to industrial cycles and potential tariff impacts on Chinese-sourced products, though management has demonstrated ability to navigate these challenges
Recent development
Over the past few years, Fastenal has undergone significant strategic transformation focused on digitalization and service enhancement. The company has aggressively expanded its Onsite program, growing from 1,623 active locations in 2022 to over 2,031 by 2024, with plans to continue adding 375-400 locations annually. This program places Fastenal employees directly at customer facilities to manage inventory and procurement. The digital transformation has been equally dramatic, with the company's digital footprint expanding from approximately 25% of sales in 2022 to over 61% by 2025, with targets to reach 66-68%. The FMI technology platform now has over 130,000 devices deployed across 25 countries, automatically monitoring and replenishing customer inventory. E-commerce sales have grown consistently, reaching over $1 billion annually. Leadership changes have accompanied this transformation, with Jeff Watts elevated to President and recent CFO transition announced. The company has also invested heavily in artificial intelligence, launching the Fastenal Intelligence AI platform in 2024 to enhance internal operations and customer service. Operational efficiency improvements include branch network rationalization, with the company reducing physical locations while investing in technology and supply chain capabilities. The company has added significant inventory and SKUs to distribution centers to improve service levels, while maintaining disciplined cost management through flexible incentive compensation structures. Recent challenges include preparing for potential significant tariffs on Chinese imports, with management planning pricing actions and supply chain diversification to offset increased costs. The company has also navigated a challenging industrial environment with sluggish demand, using this period to focus on market share gains and customer acquisition.
FAST company profile · for informational purposes only — not investment advice.
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